what are the main factors responsible for development of resources?
Geography question not economic
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Geographical Factors. Raw material: Availability of natural resource that can be used as raw material. Technology: To turn the resource into an asset with value. Power: To utilize the technology
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Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship
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